ASOS (ASOMY) Gross Margin %: 48.65% (As of Feb. 2026) — Near Median


ASOMY ASOS PLC ASOMY
59 GF Score
Price $3.66
GF Value $3.16
Valuation Modestly Overvalued
! 6 Warning Signs
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What is ASOS Gross Margin %?

ASOS ASOMY 59 Gross Margin % is 48.65% as of Feb. 2026, which is 3% above its 10-year median of 47.26. GuruFocus rates ASOMY with a GF Score™ of 59/100 and a GF Value™ of $3.16 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,117 Retail - Cyclical companies, ASOS ranks better than 71.98% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. ASOS's Gross Profit for the six months ended in Feb. 2026 was $738 Mil. ASOS's Revenue for the six months ended in Feb. 2026 was $1,516 Mil. Therefore, ASOS's Gross Margin % for the quarter that ended in Feb. 2026 was 48.65%.

Warning Sign:

ASOS PLC gross margin has been in long-term decline. The average rate of decline per year is -1.4%.


The historical rank and industry rank for ASOS's Gross Margin % or its related term are showing as below:

ASOMY' s Gross Margin % Range Over the Past 10 Years
Min: 40.01   Med: 47.26   Max: 51.18
Current: 48.95


During the past 13 years, the highest Gross Margin % of ASOS was 51.18%. The lowest was 40.01%. And the median was 47.26%.

ASOMY's Gross Margin % is ranked better than
71.98% of 1117 companies
in the Retail - Cyclical industry
Industry Median: 36.23 vs ASOMY: 48.95

ASOS had a gross margin of 48.65% for the quarter that ended in Feb. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for ASOS was -1.40% per year.


ASOS  (OTCPK:ASOMY) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

ASOS had a gross margin of 48.65% for the quarter that ended in Feb. 2026 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


ASOS Gross Margin % Related Terms


ASOS Gross Margin % Historical Data

* Premium members only.

The historical data trend for ASOS's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ASOS Gross Margin % Chart

ASOS Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.43 43.63 41.10 40.01 47.09

ASOS Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.00 40.01 45.14 49.23 48.65

ASOMY vs AMZN, BABA, PDD: Gross Margin % Comparison

For the Internet Retail subindustry, ASOS's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ASOS Gross Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ASOS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ASOS's Gross Margin % falls into.


ASOMY
59GF Score
ASOS PLC ASOMY
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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ASOS Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

ASOS's Gross Margin for the fiscal year that ended in Aug. 2025 is calculated as

Gross Margin % (A: Aug. 2025 )=Gross Profit (A: Aug. 2025 ) / Revenue (A: Aug. 2025 )
=1570.3 / 3334.859
=(Revenue - Cost of Goods Sold) / Revenue
=(3334.859 - 1764.603) / 3334.859
=47.09 %

ASOS's Gross Margin for the quarter that ended in Feb. 2026 is calculated as


Gross Margin % (Q: Feb. 2026 )=Gross Profit (Q: Feb. 2026 ) / Revenue (Q: Feb. 2026 )
=737.6 / 1516.304
=(Revenue - Cost of Goods Sold) / Revenue
=(1516.304 - 778.668) / 1516.304
=48.65 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 48.65% mean?
ASOS (ASOMY) has a Gross Margin % of 48.65% as of Feb. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ASOS and its competitors. This is near median its historical median of 47.26. Over the past decade, ASOS's Gross Margin % has ranged from 40.01 to 51.18. According to the industry distribution chart, ASOS ranks #313 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 28%.
Is ASOS's Gross Margin % too high?
ASOS's current Gross Margin % of 48.65% is near median its 10-year median of 47.26. Over the past 10 years, this metric has ranged from a low of 40.01 to a high of 51.18. The Retail - Cyclical industry median Gross Margin % is 36.23. ASOS's value of 48.65% is 34.3% above this industry median. Based on the distribution chart, ASOS ranks #313 out of 1117 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, ASOS has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASOS's Gross Margin % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, ASOS ranks #313 out of 1117 companies for Gross Margin %. This puts ASOS in the upper half of its industry. The industry median Gross Margin % is 36.23. ASOS's value of 48.65% is 34.3% above this benchmark. Historically, ASOS's own Gross Margin % has ranged from 40.01 to 51.18 over the past decade. While the company's 10-year median is 47.26 vs. the industry median of 36.23, ASOS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.23, based on 1,117 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASOS's current Gross Margin % of 48.65% is 34.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on ASOS and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASOS's current Gross Margin % is 48.65%, which is near median its own 10-year median of 47.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASOS stock overvalued right now?
Based on GuruFocus' analysis, ASOS (ASOMY) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.16, compared to a current price of $3.66 — trading 15.8% above its estimated fair value. The current Gross Margin % is 48.65%, which is near median its 10-year median of 47.26 and 34.3% above the Retail - Cyclical industry median of 36.23. ASOS's overall GF Score™ is 59/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For ASOS (ASOMY), the current Gross Margin % is 48.65% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ASOS (ASOMY) Overvalued in 2026?

Based on GuruFocus' analysis, ASOS stock appears to be overvalued. The current stock price of $3.66 is trading 15.8% above its estimated GF Value™ of $3.16. GuruFocus considers ASOS to be Modestly Overvalued.

Key valuation signals for ASOMY:

  • Gross Margin %: 48.65% (near median its 10-year median of 47.26)
  • GF Value™: $3.16 vs. price of $3.66 (15.8% above fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 34.3% above the Retail - Cyclical median (#313 of 1117)

No single metric tells the full story. See the ASOMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASOS Business Description

Address Hampstead Road, Greater London House, London, GBR, NW1 7FB
Asos is a global e-commerce player focusing on fashion and cosmetics and targeting the youth segment (20-somethings) globally. Of its revenue, 45% comes from its UK home market, 30% from other European Union countries, 13% from the United States, 12% from the rest of the world. The company ships to 240 countries from its three warehouses located in the UK, continental Europe, and the United States. It offers over 85 000 products on its website from third-party brands and its own labels.
59GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.66
Price
$3.16
GF Value